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Seller Concessions in Real Estate Explained

Realty Biz

What to Know About a Seller Concession. Many terms get bantered around in real estate that either a buyer or seller may not know the meaning of. One such term is seller’s concessions. It is not uncommon at all for a client to ask what are seller concessions. What is a seller concession?

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LendingPulse Q2 2023 survey: Mortgage pros share their biggest concerns, market outlook

Housing Wire

A total of 45% of participants said home sales in their markets will remain flat for the next three months; 30.3% said sales will go up more than 5%; and 25.2% expected sales to go down more than 5% In the latest report from the National Association of Realtors (NAR), existing home sales rose 14.5% About 47.1%

Mortgages 313
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Here’s What You Missed This Week in Real Estate: Hot Sheet Recap March 13th-17th

Broke Agent Media

Banking Crisis Alright, we know you didn’t miss this—it’s safe to say that in every industry, all eyes have been on what’s happening with banks right now. I am hearing that @BankofAmerica is going to buy Signature Bank on Monday. So here’s a quick recap of what you may have missed this week.

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Will new products stop the bleeding for mortgage lenders? 

Housing Wire

Home prices have remained stubbornly high , and there’s tens of billions of dollars in homes for sale beyond the conventional loan limits set by Fannie Mae and Freddie Mac. It comes at a time in which the housing market favors buyers and seller concessions become more frequent. Jumbo loan volume increased 3.1%

Mortgages 389
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Your Dream Home Appraised Lower than Your Offer: Now What?

HomeLight

When the appraisal comes in lower than your offer price, it’s either an opportunity for you to renegotiate the sales price with the seller — or it’s going to completely derail your home sale, and you’ll have to start over again. If they are unwilling to budge on price, you can also renegotiate seller concessions.

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Can You Sell a Home in Foreclosure? Why Time Is of the Essence

HomeLight

From there, it can be two to three months to the scheduled sale of your property if you take no action to square up with the mortgage company, HUD’s guidelines note. Don’t let any stigma keep you from making wise financial decisions about the sale of your home. I’m behind on my mortgage payments, but not yet in foreclosure.

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Let’s Make a Deal! 7 Things You Can Negotiate When Buying a Home—Beyond the Asking Price

Realtor.com

But it’s not the only negotiable part of the sale—there are plenty of other ways to haggle aside from list price. “In In most parts of the country, sellers often have multiple bids right now,” says Danielle Samalin , CEO of Framework Homeownership. “In Just remember: It’s not a given that the sellers will be willing to budge. “In